THE NATION: New Offensive

Dispensing with the jargon of professional economists, Dwight Eisenhower last week issued an economic report to the nation that began bluntly with one of the biggest pieces of news since V-E day. "The paramount fact about the economy at midyear," he wrote, "is that the recent decline in economic activity has come to a halt." Two big specifics:

¶ While unemployment is higher than during the Korean war, it is on a par with comparable months of 1949 and 1950 and "has shown some tendency to diminish of late."

¶ Wage levels have continued to rise, while prices have virtually...

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